D19. Does cultural property have to be certified by the Canadian Cultural Property Export Review Board to be considered a gift-in-kind?

D19. Does cultural property have to be certified by the Canadian Cultural Property Export Review Board to be considered a gift in kind?


Short answer

No, not all cultural property has to be certified by the Review Board. Cultural property not certified by the Review Board is considered a regular gift in kind. So, the charity receiving the non-certified property may still issue an official donation receipt based on the fair market value as determined for any gift in kind (see FAQ D4). The donor would NOT receive the tax advantages described in FAQ D18 for certified cultural property.

Exception

Cultural property donated to registered charities or other qualified donees within Canada that are not designated Canadian institutions or public authorities is not subject to valuation through the Review Board process.